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Fiat Chrysler to lay off 1,300 workers
2016-04-06 21:49:20| Automakers - Topix.net
Tumbling sales of Fiat Chrysler's main midsize car have driven the company to indefinitely lay off 1,300 employees at a Detroit-area factory. Workers on the second shift at Fiat Chrysler's assembly plant in Sterling Heights, Michigan, will be furloughed starting July 5 as the slow-selling Chrysler 200 has started to stack up on dealer lots.
Tags: workers
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chrysler
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GM, Fiat Chrysler U.S. March auto sales miss expectations
2016-04-01 23:27:48| Auto Dealers - Topix.net
That means the industry could still meet analysts' U.S. sales expectations of 17.25 million vehicles for March on an annualized basis. Analysts polled by Reuters expected an increase in sales of about 7 percent from a year earlier.
Fiat Chrysler Is Super Cheap: Here's Why Investors Should Buy The Company
2016-03-31 13:09:50| Automakers - Topix.net
Fiat Chrysler may have been unduly sold on the back of short-term factors: broad-based emerging market selling, concerns of global automobile demand peaking, and adjustments to financials after the Ferrari. Shares are trading at less than 4x EV/EBIT.
Fiat Chrysler shutdown of midsize car plant extended to nine weeks
2016-03-07 19:33:58| Automakers - Topix.net
The plant in Sterling Heights, Michigan, which was shut on Feb. 1, will be closed until April 4, a Fiat Chrysler spokeswoman said. The plant had earlier been scheduled to return to production on March 14. In late January, company Chief Executive Sergio Marchionne said Fiat Chrysler would stop making the Chrysler 200 as well as the compact Dodge Dart made in Belvidere, Illinois.
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'Distasteful': Fiat Chrysler boss Sergio Marchionne speaks out on Australian scandal
2016-03-02 07:04:00| Automakers - Topix.net
The global boss of Fiat Chrysler Automobiles, Sergio Marchionne, has hit out at the "distasteful" management regime of former Australian executives Clyde Campbell and Veronica Johns, and has vowed to pursue "all remedies available" to try and recoup tens of millions of dollars from the pair. In an exclusive interview with Fairfax Media in Geneva, Mr Marchionne spoke for the first time about the scandal that has rocked the company .
Tags: australian
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chrysler
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